Global stocks fell Wednesday, tracking Wall Street's overnight slide, as poor earnings from Alcoa sparked concerns about other corporates. Experts tell CNBC that despite the volatility, there are still "amazing" opportunities out there.
Kamikaze Stocks Offering Amazing Returns
Clem Chambers, CEO at ADVFN is still bullish on risky stocks. "My kamikaze portfolio is doing amazingly well. What's happening is people are switching out from low risk, which has high weighting in the indices, to high risk, which is low weighting on the indices, so that's actually keeping the main indices back. But under the hood, down in the high risk area, there's explosive rallies going on there. So if you're in the sort-of dodgy end of stocks, you're seeing amazing gains," he said.
Positioning for Multi-Month Advance
Expect a multi-month advance as Puru Saxena, CEO of Puru Saxena Wealth Management believes the market has already absorbed most of the bad news.